# LVM Capital Management Ltd

> LVM Capital Management Ltd is an SEC-registered investment advisory firm in Portage, MI, registered since 1988, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 18, 2026.

- CRD: 111039
- Filed as: LVM CAPITAL MANAGEMENT LTD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Portage, MI
- Filing period: October 2026
- Form ADV filing dated: September 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111039
- AdvisorCensus page: https://advisorcensus.com/firm/lvm-capital-management-ltd-portage-mi-111039

## Quick answers

**How is LVM Capital Management Ltd compensated?**
On its Form ADV (Item 5.E, October 2026), LVM Capital Management Ltd reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does LVM Capital Management Ltd charge?**
Its Form ADV Part 2A brochure dated September 9, 2025 states: Up to $1,999,999.99: 1.25% a year; $2,000,000 to $5,000,000: 1% a year; Above $5,000,000: see the brochure. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is LVM Capital Management Ltd located?**
LVM Capital Management Ltd's principal office is in Portage, MI, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is LVM Capital Management Ltd registered with the SEC or a state?**
LVM Capital Management Ltd is an SEC-registered investment advisory firm, registered since 1988. Status as filed: Approved. CRD 111039.

**How much does LVM Capital Management Ltd manage?**
LVM Capital Management Ltd reports $1,562,022,642 in regulatory assets under management in its Form ADV filing dated September 18, 2026 (97% discretionary).

**How have LVM Capital Management Ltd's assets and staff changed since 2021?**
In the Form ADV data for LVM Capital Management Ltd: Regulatory assets under management: $938,290,235 in the October 2021 data and $1,562,022,642 in the October 2026 data, up 66%. Total employees: 14 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does LVM Capital Management Ltd serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1,369); charitable organizations (46); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Which custodians does LVM Capital Management Ltd use?**
LVM Capital Management Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does LVM Capital Management Ltd report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111039

**Does LVM Capital Management Ltd state an account minimum?**
Its Form ADV Part 2A brochure dated September 9, 2025 says: "LVM generally requires a minimum of $1,000,000 to establish a relationship, but takes into consideration the interrelationships of accounts and client referrals and occasionally makes exceptions to this guideline."

**What changed in LVM Capital Management Ltd's recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $1,314,451,711 to $1,562,022,642 (+19%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated September 9, 2025)

- Up to $1,999,999.99: 1.25% a year
- $2,000,000 to $5,000,000: 1% a year
- Above $5,000,000: see the brochure

> The general fee schedule is: Market Value of the Account $ or Percent Annual Fee < $2 million 1.25 % $2,000,000 to $5,000,000 1.00 % > $5 million Negotiated

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> LVM generally requires a minimum of $1,000,000 to establish a relationship, but takes into consideration the interrelationships of accounts and client referrals and occasionally makes exceptions to this guideline.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,562,022,642
- Discretionary: $1,518,005,291
- Non-discretionary: $44,017,351

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1,369 | $1,423,266,162 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $4,953,351 |
| Charitable organizations | 46 | $133,803,129 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1988 (38 years)
- Employees: 15 total, 8 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, FL, MI, NE, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Naples, FL

### Websites listed on Form ADV (Item 1.I)
- [lvmcapital.com](https://lvmcapital.com)
- LinkedIn @lvm-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $938,290,235 | 14 | September 24, 2021 |
| October 2022 | $998,663,335 | 14 | September 28, 2022 |
| October 2023 | $974,592,169 | 13 | September 20, 2023 |
| October 2024 | $1,176,147,625 | 14 | September 24, 2024 |
| October 2025 | $1,176,147,625 | 14 | September 24, 2024 |
| October 2026 | $1,562,022,642 | 15 | September 18, 2026 |

Regulatory assets under management: $938,290,235 in the October 2021 data and $1,562,022,642 in the October 2026 data, up 66%.
Total employees: 14 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $1,314,451,711 to $1,562,022,642 (+19%).

### December 2025
- Regulatory assets under management went from $1,176,147,625 to $1,314,451,711 (+12%).
- Employees performing advisory functions went from 7 to 8.
- Registered or notice-filed in NE.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. LVM Capital Management Ltd (CRD 111039): Form ADV filing data as of October 2026.